Thinking about opening a concrete grinding and finishing business? We tell you what you need to know to get started.
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Characteristics of a Good Concrete Grinding & Finishing Company Business Plan
Looking for a one-size-fits-all business plan? Good luck. . . because it doesn't exist. Yet good business plans universally hit on sound business plan elements:
- Mission Statement – Your description of your concrete grinding and finishing business's reason for existing.
- Goals & Objectives – A list of mile markers on your concrete grinding and finishing business's road to success.
- Financial, Marketing & Action Plans – Specific plans that describe your business environment, demographic targets and quantitative estimates.
Check Out the Competition
Well in advance of opening a concrete grinding and finishing business in your area, it's a smart move to see what the competition looks like. Try our link below to get a list of local competitors near you. After following the link, enter your city, state and zip code to get a list of concrete grinding and finishing businesses in your area.
Is the local market large enough to support another concrete grinding and finishing business? If not, you had better be sure that you are doing things much better than the competition.
Talk to People Who Are Already in the Business
Once you've finished assessing the competion, it's a smart move to learn from folks who are already in business. If you think owners of nearby concrete grinding and finishing businesses will give you advice, think again. It'd be crazy for them to teach you the business.
However, an entrepreneur who owns a concrete grinding and finishing business in a different city may be more than happy to give you a few tips, given that you don't compete with them in their area. Many business owners are happy to give advice to new entrepreneurs In my experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.
Where would you find an entrepreneur who is running a concrete grinding and finishing business who is willing to advise you because you live in different cities?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Three Arguments for Buying a Concrete Grinding & Finishing Business
For years, street-smart entrepreneurs have known that whenever possible, it's more advantageous to buy an existing concrete grinding and finishing business than it is to start one from scratch.
You'll want to conduct a comprehensive due diligence process, but here are three arguments why you should think about buying instead of a startup.
- Initial Revenue. Startups struggle to bring in revenue right out of the gate while existing businesses usually have a steady stream of income.
- Operational Efficiency. Existing businesses are established operations, with the necessary processes, people and other resources already in place.
- Funding. Lenders, investors and other funding sources almost always prefer business purchases to startups.
Recognize that your chances of thriving in your new business immediately improve if you go the franchising route and benefit from the prior work of others and their lessons learned.
Before you get too far along in your plan to open a concrete grinding and finishing business, you ought to investigate whether there are good franchise opportunities available that might increase your chances of success.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These additional resources regarding starting a business may be of interest to you.
If you currently own a concrete grinding and finishing business, these resources will come in handy:
If you came here to learn about selling to concrete grinding and finishing businesses, you're in the wrong place. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.